Ron Paul: Gold Standard 1/30/09 Fox Business

off topic

Watch UK MP SIR Gerald Kaufman exposes Israel's crimes (google qMGuYjt6CP8)

Watch US Professor Norman Finkelstein exposes Israel's crimes (Google bm5OvSeiAHc)

Israel admits: "No Hamas rockets were fired during ceasefire" (Google zfFMZ7Y-s_c)

Please distribute this post and tell your Senator and/or Representative about Israel's killing Americans, heinous crimes, stealing our taxes, and its spying on USA. Peace!

Im sorry that you feel I am straying from the point.
I too consider myself a pragmatist and believe in a state "that works".

I also feel that given current events it is decidedly non-progressive to continue accepting or working toward a currency that allows (as Bastiat put it) legalised plunder.

Plunder, may I add, that transfers wealth chiefly from the poor and fiscally responsible to the state and its favoured special interests.

there's actually a religion that command it's believer to use only gold and silver as their means of exchange, look it up

If you were indeed a rich banker you wouldn't be stupid enough to believe this nonesense.

I am a rich banker and I have to say that the gold standard is not acceptable. Unfortunately, gold cannot be printed out of thin air; therefore, we the bankers will be much poorer and may be even out of business. This is not acceptable.

How did I give you the impression I thought anything else?

The Federal Reserve is the largest, most successful theft of wealth that was ever conceived.

The sooner the US dissolves into regional nationalities and the entire Washington City debt repudiated, the better. The USSR showed how to do it, but first people must cease to obey.

Where in the Constitution does it state the federal government is supposed to provide jobs for every citizen?

They won't allow an Audit of the Gold in Fort Knox.

We really should allow competing metals backed currency.

(How much gold is really in Fort Knox?)

The government should also stop the practice of giving the Federal Reserve (banks) the sole right to distribute currency. Perhaps a U.S. treasury note instead.

Finally, people should consider that while the treasury is printing currency. Currency is a very small portion of our overall money supply and even smaller when you consider overall wealth, which has been monetarily contracting.

The Fed is a Fractional Reserve Bank, have you seen our Debt? Our Interest on that Debt. The Federal Reserve is a Secretive Private Bank, there's Nothing Federal about it. It's a Mafia Operation, the biggest in History.

"so far you have provide NO evidence of anything you said."

Hahahahahahaha!

From someone who thinks the gold standard failed, I consider that a high complement.

"France reduced its dollar reserves..."

The only reason that the French action had the effect it did is because the US Gov had been printing far more money than was in the vaults at $35/ounce.

If they had not, then the dollar would have been more valuable due to deflation, and foreign products would have been cheaper, increasing American economic influence.

I am not a supporter of fractional reserve banking. I believe in heavy regulation of lending rules.

As for hyperinflation, it's simple, will borrower take US dollar as compensation. Will US people take the money and do work. The world still trusts US dollar. Don't believe that?? Go check out US dollar versus Euro.

I am done talking to you, so far you have provide NO evidence of anything you said.

Their perpetuating possible civil unrest. The Media that is. The continuous revealing of what the federal reserve world banks is doing and the theft of the american taxpayers money tends to get people very mad. Steal from the poor and give the rich. The Government will soon own your mortgage. Do as they please or you will be homeless.